Madoff’s Long Island house sold for over 8.75 million dollars
September 18th, 2009 - 6:02 pm ICT by ANI ( Leave a comment )
New York, Sep 18(ANI): Multi-billion dollar Poziking Bernard Madoff’s Long Island house has been snapped up by an unidentified buyer days for over 8.75 million dollars.
According to reports, a spokeswoman for property broker Corcoran Group said that an unidentified buyer or buyers have snapped up the property after the U.S. Marshals Service put the seized property on the market.
The U.S. Marshals Service had put the house on sale on September 1 to help repay victims of Madoff’s massive investment fraud, CBS News reports.
The 3,000-square-foot, four-bedroom house is set on a 1.2-acre plot amid dunes in Montauk, located on the south shore of Long Island. The house is modest by neighbourhood standards, but boasts of stunning views along the Atlantic Ocean.
Madoff was convicted after committing a fraud of over 60 billion dollars. He pleaded guilty to an 11-count criminal complaint, and had admitted to defrauding thousands of investors of billions of dollars.
He was sentenced to 150 years in jail in June after pleading guilty to orchestrating the multi billion-dollar Ponzi scheme. (ANI)
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